Among them are government measures.. An expert diagnoses four reasons behind the dollar’s decline
Among them are government measures.. An expert diagnoses four reasons behind the dollar’s decline
2-4-2023
Information / special.
Today, Saturday, the economic expert, Diaa Al-Mohsen, personified the reasons and indicators that prompted the decline in the exchange rates of the dollar in the Iraqi markets, while confirming that some leaks from the Istanbul meeting indicated that Iraq was given a time limit to implement the federal procedures.
Al-Mohsen said, in an interview with Al-Maalouma, that “the indicators that made the market witness a hasty decline in the exchange rates of the dollar, including internal and external ones.”
He added, “The internal indicator is represented by the package of measures launched by the Central Bank of Iraq with regard to increasing the amounts granted to travelers, whether at the level of tourism or treatment, as well as at the level of study.”
He pointed out, “Other procedures are related to merchants and industrialists, which are related to the trade of commodities and foodstuffs.” As for the external aspect, he clarified, “The contact that brought Badin and Al-Sudani together and an attempt to reduce the procedures followed by the Federal Bank because it believes that the Sudanese government is the best since 2003.” .
And Al-Mohsen said: “As for the last matter, it is related to the Istanbul meeting between the Iraqi delegation, which is represented by the Minister of Finance, the governor of the Central Bank, and the Sudanese advisors, with a delegation representing the US Federal Reserve, and after the leaks that emerged from the meeting.”
The expert emphasized, “There is a flexible position by the US Federal Reserve, which is related to giving Iraq a time limit for merchants to implement the procedures followed and financial conditions.”
And the exchange rates of the dollar witnessed a noticeable decrease after a meeting on Friday in Turkey, which included the governor of the Central Bank, Al-Alaq, and the Minister of Treasury, in order to discuss easing the financial measures taken by the Federal Bank.
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